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>> let me just say that the president has already sign into law about $2.4 trillion worth of deficit reduction and three-quarters of that -- >> wars we stopped fighting, already factored in. >> a bunch of that is for spending cuts. not necessarily spending cults i really -- cuts i like but spending cuts nonetheless. >> you disagree with him when he says we don't have a spending problem? >> no. i think we do have certain things we can cut in spending, but in fact right now, i think the crisis we have right now is a jobs crisis. i think it's an income inequality crisis in our country. i think there's an investment crisis. we don't talk enough, neil, about the third leg of debt reduction, which is not only spending, not only raising revenue, but growth in the economy. and you know? this debt ceiling issue is just crazy. i stand -- >> was it crazy seven years ago when your democratic colleague voted against raising it? was it crazy then? >> well, except it wasn't real and this is real. the last final -- >> real is in the eye of the beholder. >> no, no. >> i guess it's -- >> it was more -
>> let me just say that the president has already sign into law about $2.4 trillion worth of deficit reduction and three-quarters of that -- >> wars we stopped fighting, already factored in. >> a bunch of that is for spending cuts. not necessarily spending cults i really -- cuts i like but spending cuts nonetheless. >> you disagree with him when he says we don't have a spending problem? >> no. i think we do have certain things we can cut in spending, but in fact...
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they created the structural deficit -- >> neil: wait a minute. we can go back in time and talk about 9/11 and a recession was taking hold. i don't want to go back in history. i want to ask thufinaly, would you agree that if we get a republican president and he or she is demanding the same prerogative you want to give this president right now, you, simon, would be on board and say go for it. >> i think we should eliminate the vote over the debt ceiling, both party, both presidents for all time -- >> neil: you would give a republican the same eye am going to save this tape. when it comes to that, i am going to have you back. >> hopefully, that won't be for a long time. >> neil: i thought you would say that, touche. >> okay. >> neil: from help out of d.c. to big doings in d.c., the city is getting readyr spiffy for a piece of history. the president's inauguration on monday. since january 20 falls on a sunday, the president will be privately sworn in that day. but the hoopla is all on monday, across the capitol. and we will be there again. probably n
they created the structural deficit -- >> neil: wait a minute. we can go back in time and talk about 9/11 and a recession was taking hold. i don't want to go back in history. i want to ask thufinaly, would you agree that if we get a republican president and he or she is demanding the same prerogative you want to give this president right now, you, simon, would be on board and say go for it. >> i think we should eliminate the vote over the debt ceiling, both party, both presidents...
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so, obama's entire premise that we need a balanced approach to cutting the deficit is based on a huge fiction which is that obama's plan will cut 4 trillion during the the next decade. it will do no such thing. he's basing on a falsity, just like day one when he's been in office, distort and pr propgandize. now, republicans need to understand all of this dealing with obama. they're dealing with a man who is reckless, ruthless as any president they will ever encounter and my next guest says he has a plan that mr. bolster the republicans hand when it comes to dealing with the democrats on the issue of debt and much more. ohio senator rob portman is here. and what do you make of obama, only 2006 a vote against the debt ceiling. >> it went further than that. he said it would be unpatriotic. >> sean: that's another, i actually have that clip. you want to see it. >> sure. >> sean: let's show the videotape. >> the problem is, is that the way bush has done it over the last eight years is to take out a credit card from the bank of china in the name of our children, driving up our national debt
so, obama's entire premise that we need a balanced approach to cutting the deficit is based on a huge fiction which is that obama's plan will cut 4 trillion during the the next decade. it will do no such thing. he's basing on a falsity, just like day one when he's been in office, distort and pr propgandize. now, republicans need to understand all of this dealing with obama. they're dealing with a man who is reckless, ruthless as any president they will ever encounter and my next guest says he...
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he's said it's unrealistic to tie the debt limit to deficit reduction. he said it has been separate. that is just not accurate. >> sean: last 30 years? >> last 27 years every major reduction is start going through 1990s all three agreements. recent one, budget control act the reason we're talking about the debt limit discussion. so this is an appropriate time to raise the issue. look, he said people voted for him because they wanted to increase the debt limit. i don't think so. that is not what polling shows. it shows people want to get spending under control. >> sean: for a brief hour the obama media which did not go do a good job from my estimation woke up and challenged him. and looked angry on hypocrisy. how would you deal with the president that is very good at politics, demonizing and pushing republicans into a corner? what is the best strategy? >> well, i agree with you it's interesting. you had reporters saying wait a minute. you said just the opposite but also said the point just made a second ago which is why are you saying it's been straight a
he's said it's unrealistic to tie the debt limit to deficit reduction. he said it has been separate. that is just not accurate. >> sean: last 30 years? >> last 27 years every major reduction is start going through 1990s all three agreements. recent one, budget control act the reason we're talking about the debt limit discussion. so this is an appropriate time to raise the issue. look, he said people voted for him because they wanted to increase the debt limit. i don't think so. that...
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. >> i'm willing to compromise and find common ground over how to reduce the deficit, america cannot afford another debate with this congress about whether or not they should pay the bills they have racked up. what i will not do is to have that negotiation with gun at the head of the people. >> dana: interesting choice of words to describe that. eric, you talked about not wanting the country to lurch from crisis to crisis. most americans would agree and want washington to fix fundamental problems. why do we have to have the debate every three months? >> eric: sure. start with the debt ceiling and how it came about. prior to world war i, everybody was paid. the debt we incurred was paid for through various bonds. world war i to world war ii, fdr got together with the treasury secretary and set let's put a debt ceiling op and they started to borrow money. that amount in 1949 was $45 billion. today, $16.4 trillion. that is 46,400% higher. between 1939 and 1980, we never exceeded $1 trillion in debt. now we push $17 trillion. the problem with the sound bite is president obama was the guy
. >> i'm willing to compromise and find common ground over how to reduce the deficit, america cannot afford another debate with this congress about whether or not they should pay the bills they have racked up. what i will not do is to have that negotiation with gun at the head of the people. >> dana: interesting choice of words to describe that. eric, you talked about not wanting the country to lurch from crisis to crisis. most americans would agree and want washington to fix...
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we are having more deficit. again because the problem isn't about taxes. it's about spending. republicans have to have campaign communications, strategy, like chinese water torture. it has to be drip, drip, drip. the american people are not dumb. but they need to hear over and over what they already know deep in their hearts. their family can't spend itself rich and the government can't spend itself rich. >> shannon: we will see all of those things coming down the pike, how the public views it and how lawmakers will respond to the problem. always good to see you. happy new year. >> happy new year to you and your viewers. the debate is rapid fire as lawmakers weigh in on deadly weapons and our constitutional rights. >> the likelihood is that they are not going to be able to get a assault weapon ban. >> taking away the rights of law-abiding citizens will not stop a deranged individual or a criminal. >> someone can walk into a wal-mart, buy a shopping cart full of ammunition, walk out, pay, no questions asked. >> shannon: very different views on an issue taking center stage. the
we are having more deficit. again because the problem isn't about taxes. it's about spending. republicans have to have campaign communications, strategy, like chinese water torture. it has to be drip, drip, drip. the american people are not dumb. but they need to hear over and over what they already know deep in their hearts. their family can't spend itself rich and the government can't spend itself rich. >> shannon: we will see all of those things coming down the pike, how the public...
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. >> megyn: and my last question for you quickly he's put in place, 3.25 in place of deficit reduction, a little short of 4 trillion we need, but he would have the american public believe he's significantly reduced our deficit as president. >> which makes you wonder why we need another 2 trillion dollars so desperately now as we are getting ready for the beginning of his second term. obviously, that's 2 1/2 trillion that is, well, fanciful in my opinion and ethereal in others and it's not a reduction in baseline, it's a reduction in the rate of growth of spending, which is again suffocating to the private economy and unsustainable over the course of the next several years. >> megyn: one thing we did hear the president reference personally, we heard it from nancy pelosi prior, but the president personally talking about now closing more loopholes and that means higher taxes. we don't know on who, but he would not specify any specific spending reductions and refusing to negotiate with the house republicans on the issue of the debt ceiling. lou, an interesting couple of months. looking for
. >> megyn: and my last question for you quickly he's put in place, 3.25 in place of deficit reduction, a little short of 4 trillion we need, but he would have the american public believe he's significantly reduced our deficit as president. >> which makes you wonder why we need another 2 trillion dollars so desperately now as we are getting ready for the beginning of his second term. obviously, that's 2 1/2 trillion that is, well, fanciful in my opinion and ethereal in others and...
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if we want to have a conversation about how to redust our deficit let's have that. we've been having that nor the last two years. we just had an entire campaign about it. by the way the american people agreed with me that we should reduce our deficits in a balanced way that takes into account the need for us to grow this economy. martha: bob beckel is former democratic campaign manager and cohost of the five. mary katherine ham is editor at large and fox news contributor. why do you think it was so testy yesterday? >> obama's best form is not necessarily a press conference which is why he does than do many of them. i which he was testy for one real reason. the republicans trying to take the full faith and crucify the united states currency and putting it at fist being. i'd invoke the 14th amendment, we'd problem below know that if we spent more time with the republicans wasting time on the floor of the house. i thought he ought to raise it and to hell with congress. martha: we talked to stewart varney and kirsten said in that sound byte, this isn't about default, pe
if we want to have a conversation about how to redust our deficit let's have that. we've been having that nor the last two years. we just had an entire campaign about it. by the way the american people agreed with me that we should reduce our deficits in a balanced way that takes into account the need for us to grow this economy. martha: bob beckel is former democratic campaign manager and cohost of the five. mary katherine ham is editor at large and fox news contributor. why do you think it...
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we have clear issues, as pat was alluding to, with the debt and the deficit. they're not solved and the debt ceiling, while it's an important hurdle and i don't want to default and i think the president is substantively is right, we can't be a totally polarized nation and nor can we pit one against the other and is sub zero see site. president clinton got a deal with newt gingrich, a different philosophy, he reached out across the aisle. we have to deal with entitlements, it's not a question of not wanting to take care of old people or poor people or feeding poor children, i think everybody believes we should. it's how and what extent and in what way can we afford it. bottom line, i thought the president's tone was unfortunate. he did it in the press conference right after the election, and i think that ultimately, it does the american people a disservice. >> kirsten, you read some the left wing pundits and they've had it with president obama in their view bending in these discussions with the left. they think, you know, he extended the bush tax cuts a couple
we have clear issues, as pat was alluding to, with the debt and the deficit. they're not solved and the debt ceiling, while it's an important hurdle and i don't want to default and i think the president is substantively is right, we can't be a totally polarized nation and nor can we pit one against the other and is sub zero see site. president clinton got a deal with newt gingrich, a different philosophy, he reached out across the aisle. we have to deal with entitlements, it's not a question of...
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if the issue is deficit reduction, getting our deficits sustainable over time, getting our debt in a sustainable place, then democrats and republicans in congress will have a partner with me. we can achieve that and we can achieve it fairly quickly. we know what the numbers are, we know what needs to be done. we know what a balanced approach would take, and we've already done probably more than half of the deficit reduction we need to stabilize the debt and the deficit. there's probably been more pain and drama in getting there than we needed. and so finishing the job shouldn't be that difficult, if everybody comes to the conversation with an open mind and if there's some things like paying our bills should not be out of bounds. i'll take one last question. >> mr. president, i would like to ask you, now that you've reached the end of your first term, starting your second, about a couple of criticisms. one that's long-standing, another more recent. the long-standing one seems to become a truism of sorts, that you and your staff are too insular, that you don't socialize enough. and the
if the issue is deficit reduction, getting our deficits sustainable over time, getting our debt in a sustainable place, then democrats and republicans in congress will have a partner with me. we can achieve that and we can achieve it fairly quickly. we know what the numbers are, we know what needs to be done. we know what a balanced approach would take, and we've already done probably more than half of the deficit reduction we need to stabilize the debt and the deficit. there's probably been...
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don't worry about it, it will work itself down the line and don't worry about the mounting debt and deficit. >> that's then and this is now. a debt as you pointed out 16.4 trillion dollars and rising constantly. we need a restraint on that debt. we cannot let it run away constantly. the and the debt ceiling is a restraint. what the democrats want is a blank check. i'm not sure it's constitutional because congress rules on the issue of money, not the executive branch. so, i'm not sure the constitutionality of it. if you did abolish this debt ceiling, you would pretty soon get yourself a downgrade. these rating agencies would say, your debt is just running away. you're not credit worthy. >> megyn: the debt ceiling is in place, it doesn't seem they trust our lawmakers to live within their moneys and with the money. when you look at 16.4 trillion, they're right, we're not living in our means. and there's a question, stu, you see that number, i think of my kids and think of my children. who is going to pay that number? it's probably not going to be me. >> right. >> megyn: it's probably going to
don't worry about it, it will work itself down the line and don't worry about the mounting debt and deficit. >> that's then and this is now. a debt as you pointed out 16.4 trillion dollars and rising constantly. we need a restraint on that debt. we cannot let it run away constantly. the and the debt ceiling is a restraint. what the democrats want is a blank check. i'm not sure it's constitutional because congress rules on the issue of money, not the executive branch. so, i'm not sure the...
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the problem is he is fronting for policies that are not dealing with the debt or the deficit. >> another gold man sacks guy who made a lot of money while the company was being raped. the real problem with lew, he represents the president's worst instincts, he scuttled the deal in 2011 by the introduction of more taxes and he says no, and this is obama on steroids to the left. he is pushing the country in a place that he doesn't have a mandate for but high has no opposition to stop. >> let me say one thing, the shame of these picks is they small. they are inside the beltway, they are small, they are political hacks, where the president wanted to be a transformational president. he has been re-elected. not many presidents in history are two term presidents and he can be a successful president if he does something great. the great thing he could do for a liberal democrat, is save the social safety net from financial collapse. he had the chance to do it and he still has a chance. >> others would have brought some imagination. the opposite of reagan. >> gentleman, hang in here we will come ba
the problem is he is fronting for policies that are not dealing with the debt or the deficit. >> another gold man sacks guy who made a lot of money while the company was being raped. the real problem with lew, he represents the president's worst instincts, he scuttled the deal in 2011 by the introduction of more taxes and he says no, and this is obama on steroids to the left. he is pushing the country in a place that he doesn't have a mandate for but high has no opposition to stop....
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>> and fitch has specifically said it's because they want a credible, credible deficit reduction plan, a solution, a long-term solution. bill: which they said last year too. martha: when you take a look at the twin title waves coming at us with medicare and with social security, until you deal with those and reform those programs and strengthen them for future generations we are not going to solve the problem. bill: senator, thank you for your time and being patient. john barrasso on the hill, republican from wyoming. >> thank you, bill. martha: let's go back to the scene where they are working to extricate this woman. that's a look at her hand. they are trying to get her out of there as carefully as they possibly can. they have no idea whether she was broken bones or in terrible damage. at this point they say she is conscious and speaking with them. they are working very hard to get her out. boy will she have a story to tell when they do. we'll be right back here with breaking news from "america's newsroom" from portland this morning. hi. i'm henry winkler. and i'm here to tell homeo
>> and fitch has specifically said it's because they want a credible, credible deficit reduction plan, a solution, a long-term solution. bill: which they said last year too. martha: when you take a look at the twin title waves coming at us with medicare and with social security, until you deal with those and reform those programs and strengthen them for future generations we are not going to solve the problem. bill: senator, thank you for your time and being patient. john barrasso on the...
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the deficit. there has probably been more pain and drama in getting there than we needed. so finishing the job shouldn't be that difficult if everybody comes to the conversation with an open mind and if we recognize that there's some things like not paying our bills that should be out of bounds. all right? i'm going to take one last question. jackie colmes. >> mr. president. >> yeah. >> i like to ask you, now that you reached the end of your first term, starting your second, about a couple of critsims. one longstanding, another more recent. the longstanding one seems to become a truism of sorts that you and your staff are too insular. that you don't socialize enough. and the second, more recent criticism that your team taking shape knit diverse, isn't as diverse as it could be or even was in terms of getting additional voices, gender, race, ethnic diversity. i would like you to address both of those. >> let me take the second one first. you know, i'm very proud in the first four years we had as di
the deficit. there has probably been more pain and drama in getting there than we needed. so finishing the job shouldn't be that difficult if everybody comes to the conversation with an open mind and if we recognize that there's some things like not paying our bills that should be out of bounds. all right? i'm going to take one last question. jackie colmes. >> mr. president. >> yeah. >> i like to ask you, now that you reached the end of your first term, starting your second,...
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what's motivating and propelling the thousands republicans is more than simply deficit reduction, they are suspicious about government commitment to make sure that seniors have decent health care and whether government should make sure that kids in poverty are getting enough to eat. that's an outrageous statement to begin with. on top of that that's not exactly a great way to forge bipartisan consensus. it o it's one thing to question your opponent's policies and another to question their motives. and he's not interested in forging bipartisan consensus on the debt, he's interesting in demonizing and dividing republicans and he's going to continue to do that in his second term. >> megyn: why would he be doing that, simon? >> i think it's called politics, megyn. i think what we expect out of our president, just like we expect out the republican party, is for them to fight as hard as they can for the things that they believe in. and to be -- and to make clear about what they believe the other side is doing, too. listen, i listened to rick santorum at the republican convention say that if
what's motivating and propelling the thousands republicans is more than simply deficit reduction, they are suspicious about government commitment to make sure that seniors have decent health care and whether government should make sure that kids in poverty are getting enough to eat. that's an outrageous statement to begin with. on top of that that's not exactly a great way to forge bipartisan consensus. it o it's one thing to question your opponent's policies and another to question their...
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i think a lot of what they complain about with respect to us, for example, our large fiscal deficits, one example, i think it would be in our interest to deal with. similarly, a lot of what we complain about with respect to them, their export-driven strategy, the absence of domestic demand, it's critically important to have sustainable growth going forward to deal with that issue. so i think we have a common self interest in dealing with many of the issues that we complain to each other about. >> what should be the core elements of a u.s.-china relationship going forward? >> the core elements of a cooperative u.s.-chinese relationship is in many respects in the communique by presidents obama and jintao of china, itemizing and developing several ears to be koob rating because it sets a framework, a framework in which the word partnership is really given meaning and a framework for something unprecedented in the history of human affairs, namely, when two major powers arise, they almost never collide. for the first time in history, america and china have the opportunity to avoid that, to
i think a lot of what they complain about with respect to us, for example, our large fiscal deficits, one example, i think it would be in our interest to deal with. similarly, a lot of what we complain about with respect to them, their export-driven strategy, the absence of domestic demand, it's critically important to have sustainable growth going forward to deal with that issue. so i think we have a common self interest in dealing with many of the issues that we complain to each other about....
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they have had multibillion-dollar deficits in the past. what i like to do, some of my friends who don't believe taxes matter including the guy in the white house, i say if you don't think taxes matter and affect behavior, explain to me, bill, why it is there has been about 500,000 new jobs over the last 10 years created in texas with no income tax and where california lost about 500,000 jobs? there is lot of factors but i think taxes are one of them. bill: 13% for california. if that is the case they leapfrogged hawaii. matt, give you the last point. if bobby jindal gets his way do folks in louisiana have a better chance at tracking jobs? >> absolutely yes. look at call to, what jerry brown is doing is short-term fix. bringing money by increasing taxes but the long-term effect jobs will leave, people will leave and hurt the economy long term. bill: matt, thank you. steve moore, thank you as well. e-mail is hemmer@foxnews.com. viewers on home on twitter that follow me, @billhemmer, file your one word, not one word, one line. martha: one wor
they have had multibillion-dollar deficits in the past. what i like to do, some of my friends who don't believe taxes matter including the guy in the white house, i say if you don't think taxes matter and affect behavior, explain to me, bill, why it is there has been about 500,000 new jobs over the last 10 years created in texas with no income tax and where california lost about 500,000 jobs? there is lot of factors but i think taxes are one of them. bill: 13% for california. if that is the...
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that's the smallest monthly deficit in five years. some of that is artificial. people pulling transactions forward because they were afraid of higher tax rates in 2013. but for the first three months of 2013, we have a rapidly shrinking fiscal 2013, we have a rapidly shrinking deficit. so we are in a way chasing a vanishing problem. >> which is interesting, and that would allow for some things that are dirty and things that are not so dirty, would completely perhaps get rid of this problem after a while. do you think we're headed for a full stalemate? >> it's such a shame. i think david is right because we have low debt service right now. we're paying less interest on our debt than we had in the reagan and bush administrations before because interest rates are so low. >> but they're going to go up one day. >> but not for several years. i'll say it, we should be borrowing more at 30-year, 3% terms, so we can invest in the long-term growth of this economy. this is not the time for further austerity and cuts. if we were even to consider that right now, it would be
that's the smallest monthly deficit in five years. some of that is artificial. people pulling transactions forward because they were afraid of higher tax rates in 2013. but for the first three months of 2013, we have a rapidly shrinking fiscal 2013, we have a rapidly shrinking deficit. so we are in a way chasing a vanishing problem. >> which is interesting, and that would allow for some things that are dirty and things that are not so dirty, would completely perhaps get rid of this...
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. >> we have dialogue about the deficit and we have simpson bowles which everyone promptly ignored. it's kind of going back into the conversation now, but the question is, and i know you've written an op-ed, you know, what's reasonable? what is reasonable in terms of gun control when it comes to states that understand the gun culture and how deeply it is embedded in the culture of some of these states? >> well it's going to have to be a little bit from all of the above and that's why, you know, your show -- >> assault weapons ban. >> we've heard from the special interest groups, we're hearing from, you know, one end of the spectrum or that end of the spectrum, but in the end, our duly elected officials get together with an open mind and they then make decisions on behalf of the people they represent. that's where getting back to no labels is so important. you know, we've got the politics of right and left and center, but we've forgotten the most important part of all and that's the politics of problem solving. representing the people in all that we do. what we are doing today is not
. >> we have dialogue about the deficit and we have simpson bowles which everyone promptly ignored. it's kind of going back into the conversation now, but the question is, and i know you've written an op-ed, you know, what's reasonable? what is reasonable in terms of gun control when it comes to states that understand the gun culture and how deeply it is embedded in the culture of some of these states? >> well it's going to have to be a little bit from all of the above and that's...
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the problem is we deficit spend about 3 to 4 billion dollars a day. we collect, we spend about 10 billion a day and that means that we deficit. we have to borrow 3 to 4 billion dollars a day. we spend more than 700 million dollars a day in interest on a national debt. there are lots of things to do. the president has lots of discretion to curb back that spending to make sure that social security payments are paid, interest is paid we don't default on our debt. >> greta: you know, when he voted as a u.s. senator against the debt ceiling, he talked in essence how irresponsible it was to raise the debt ceiling. what in the world happened between then and now? why does somebody responsible for something raise the debt ceiling that wasn't before? what's the difference? >> i think that the president was terribly irresponsible, to say he's not talking about it because he's above it to blame congress, in part congress creates this problem, but we're going to solve this problem. i got elected to uphold the constitution and leave this country better than how we
the problem is we deficit spend about 3 to 4 billion dollars a day. we collect, we spend about 10 billion a day and that means that we deficit. we have to borrow 3 to 4 billion dollars a day. we spend more than 700 million dollars a day in interest on a national debt. there are lots of things to do. the president has lots of discretion to curb back that spending to make sure that social security payments are paid, interest is paid we don't default on our debt. >> greta: you know, when he...
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adopting this so-called public option would actually cut the deficit. that had me thinking -- remember that one with chevy chase, and new shimmer and floor wax and it was dessert topping. i tell you, the same shim never, what do you make of that? >> it also grows hair, that is important to me. >> neil: another public option, giving the government total control reduces all these redundant costs and everything is done, everything is saved, spending problem goes away and that addresses what the president has told at the white house, we don't have a spending problem. it's because of this healthcare problem. >> i mean this is so riddled with mistakes, it's hard to list them all. as you know and previous guest gary made clear, the problem is entitlement spending. if you add new entitlement, you have a bigger problem. it goes the wrong direction. insurance costs are high for two reasons. healthcare costs are high and insurance has to pay for operations on top of that and all obamacare did was add new regulations and insurance costs. it made the bill go up and
adopting this so-called public option would actually cut the deficit. that had me thinking -- remember that one with chevy chase, and new shimmer and floor wax and it was dessert topping. i tell you, the same shim never, what do you make of that? >> it also grows hair, that is important to me. >> neil: another public option, giving the government total control reduces all these redundant costs and everything is done, everything is saved, spending problem goes away and that addresses...
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.$8 million deficit this city is running. when they filed for bankruptcy they had wanted to $50,000 in the citibank account. john: the politician said we did not see it coming. they owed 46 million with panetta thousand of the bank? >> they're required to put 1.8 million dollars per month into koppers. john: they tried to raise money through fees like expensive parking tickets. >> i paid $500. >> but he was going 90 in the school's own. john: with that does not cover the pension obligations. >> not sandy know, vallejo, a compton, a stockton or any of their city. they are failing. john: i hear there is more civil society? volunteers working in the animal shelter, park maintenance, a neighborhood watch is starting to blossom? >> bay plant their city back. they take it themselves. so the private solution is always better. john: that is where you go when the government spends of the many. next we take this problem and see what it does to the whole state. whole statthe boys use capital one venture miles for their annual football t
.$8 million deficit this city is running. when they filed for bankruptcy they had wanted to $50,000 in the citibank account. john: the politician said we did not see it coming. they owed 46 million with panetta thousand of the bank? >> they're required to put 1.8 million dollars per month into koppers. john: they tried to raise money through fees like expensive parking tickets. >> i paid $500. >> but he was going 90 in the school's own. john: with that does not cover the...
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, or cut the deficit, at least. the president doesn't seem to be on that same page. >> yeah. look. republicans in the house and in the senate, for that matter, and the president i think so fundamentally disagree on the major issues of the day. i mean, so much so that i think common ground is very hard for them to find and will continue to be hard for them to find. the key thing to look for, john, and what people want to try to figure out, are things going to be different over the next two or four years, or do they at least start to show signs of wanting to negotiate deals where both sides are allowed to win? we have not seen that, whether you want to blame the president, whether you want to blame republicans. you just haven't seen that. they don't like each other. they don't get along well. there are no relationships there whatsoever, and that's why i'm skeptical that things will be different. and again, it kind of goes to the core of what they believe. they just don't agree on anything. i'd be shocked if they agree
, or cut the deficit, at least. the president doesn't seem to be on that same page. >> yeah. look. republicans in the house and in the senate, for that matter, and the president i think so fundamentally disagree on the major issues of the day. i mean, so much so that i think common ground is very hard for them to find and will continue to be hard for them to find. the key thing to look for, john, and what people want to try to figure out, are things going to be different over the next two...
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has run up 4 consecutive trillion-dollar federal budget deficits in his first term. he has an economy that is not being returned to prosperity. 23 million people still unemployed. we have, i think bill. i think if i may. you undersell folks just a little bit in that i think everybody is smart enough to know there is is a problem. i think everybody is pretty much smart enough to know that we have got to come up with a solution. when you have a national media part of this coalition of interest and depen dense on the democratic party, there is no way for them to have validation. there is no way for them to have an aggressive watchdog that would normally, traditionally, historically be attacking the miss adventure of those in power. >> we agree that the media is in the tank. i'm almost stunned that you think, to quote you, everybody understands the issue. i will tell you why, you go right outside the fox news channel building now and you stop people and go what about the federal debt? come on. >> let me put it in some context. there was a time in this country and everybo
has run up 4 consecutive trillion-dollar federal budget deficits in his first term. he has an economy that is not being returned to prosperity. 23 million people still unemployed. we have, i think bill. i think if i may. you undersell folks just a little bit in that i think everybody is smart enough to know there is is a problem. i think everybody is pretty much smart enough to know that we have got to come up with a solution. when you have a national media part of this coalition of interest...
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by $4 trillion over the next decade which would stabilize our debt and our deficit in a sustainable way for the next day-to-day. jon: so what about that statement from the president, true or false? a fact check on that and a bunch of others. we'll have the answers for you coming up. jon: right now lawmakers are working on a strategy to try to keep the government running. they only have about 4-6 weeks left before the nation hits the national debt ceiling. republicans are calling for budge cuts in return for raising the debt ceiling, but president obama came out swinging during his news conference on monday claiming he's already gone a long way toward closing the budget gap. joining us now to fact check some of his statements, stephen hayes, a senior writer for the weekly standard and a fox news contributor, douglas holtz-eakin is now president of the american action forum. just as a general rule, steven, when you heard the president speaking in that news conference, was he generally being honest with the american people about the state of our finances? >> well, i would say there wer
by $4 trillion over the next decade which would stabilize our debt and our deficit in a sustainable way for the next day-to-day. jon: so what about that statement from the president, true or false? a fact check on that and a bunch of others. we'll have the answers for you coming up. jon: right now lawmakers are working on a strategy to try to keep the government running. they only have about 4-6 weeks left before the nation hits the national debt ceiling. republicans are calling for budge cuts...
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that is if congress doesn't come up with what it calls a credible medium term deficit reduction plan. understand that fitch is not just looking for an 11th hour debt ceiling deal that sets the table for another mini crisis down the road. the federal government hit the debt limit as you know on december 31st. the treasury is using so-called extraordinary measures to pay its bills through mid-february or early march. now, fitch predicts washington will extend the debt ceiling despite the current war of words between president obama and republicans in congress. what happens if we get downgraded? it happened before. remember 2011, when standard & poor's did it. that hit markets and the wider economy hard, but it didn't cause interest rates to increase. this time could be different, however, because the rest of the world is getting its act together. even successful businesses like ford are worried. here's what ceo alan mulally told me today. >> i think the most important thing to your point is that we come together around a solution that allows us to live within our means, to reduce our bu
that is if congress doesn't come up with what it calls a credible medium term deficit reduction plan. understand that fitch is not just looking for an 11th hour debt ceiling deal that sets the table for another mini crisis down the road. the federal government hit the debt limit as you know on december 31st. the treasury is using so-called extraordinary measures to pay its bills through mid-february or early march. now, fitch predicts washington will extend the debt ceiling despite the current...
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he is going to have to talk about more deficit reduction. they will do a will little partying this weekend they real lives it's right back to work, bill. >> word of a solution to prevent the united states from defaultingen its debt. the house majority leader eric cantor saying that lawmakers will vote next week on a short-term plan to let the government borrow more money effectively raising the debt ceiling. the deal not all worked out just yet. but apparently it this will not require the spending cuts that house republicans had wanted. just released fox news poll finds that 69% favor raising the debt limit only if there are major spending cuts involved. and 23% say it's reckless not to raise it regardless. the poll also shows more than 8 in 10 think government spending is out of control. only 11% believes it's being managed carefully. mike immanuel tracking developments on the hill tonight. what's behind this house republican plan. >> bill, a lot of g.o.p. frustration has been based on the fact the senate has not passed a budget. so republi
he is going to have to talk about more deficit reduction. they will do a will little partying this weekend they real lives it's right back to work, bill. >> word of a solution to prevent the united states from defaultingen its debt. the house majority leader eric cantor saying that lawmakers will vote next week on a short-term plan to let the government borrow more money effectively raising the debt ceiling. the deal not all worked out just yet. but apparently it this will not require the...
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we have no sustainable deficit. you say on the order of 3% of gdp, we make tough choices to identify more than a trillion dollars in savings. two-thirds from spending reductions. where does the other third come from? as i understand it, it is from tax increases, is it not? >> i'm happy to answer all questions. >> just the last one. >> the net savings come from a lot of provisions but a lot of it comes from the provision that would pay for the alternative minimum tax. that would reduce -- >> a significant portion does come from tax increases. >> a third. >> you have a statement about federal-billion pay freeze. i find this to be terribly disingenuous. when barack obama took office to now, we have 145,000 additional federal workers. to suggest pay has been frozen is not an accurate statement. their increases and bonuses and others, we've dramatically increased the federal payroll. the budget being proposed, when you say pay freeze, does that mean expenditures on payroll will go up or stay the same? >> it means people
we have no sustainable deficit. you say on the order of 3% of gdp, we make tough choices to identify more than a trillion dollars in savings. two-thirds from spending reductions. where does the other third come from? as i understand it, it is from tax increases, is it not? >> i'm happy to answer all questions. >> just the last one. >> the net savings come from a lot of provisions but a lot of it comes from the provision that would pay for the alternative minimum tax. that...
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it will be over debt, deficit, gun control immigration reform leading the organization will be jim macina who will take over the cash of 5.3 million and use it for discreet coalition of the policy battles. it is the most sophisticated in modern times in the use of multi targeting data. vice president giend who hazel lewded to a presidential run of his own spoke about a grass-roots approach in his announcement yesterday as conference as mayor. >> we are going to take this fight to the halls of congress. we are going to take it beyond that. we are going to go to the country making our case and let the voices, the voice of american people to be heard. >> it will be separate from the democratic national committee. the white house dmc chair debbie watson schultz. describes her as an obama outsider who never enjoyed a close relationship with the president. >> isn't that the question you would love to be asked what are you going to do with the leftover 5.3 million? >> i don't anticipate that in my life. >> a too bad hopefully you share the wealth. >> dumped several inches of snow but it claimed
it will be over debt, deficit, gun control immigration reform leading the organization will be jim macina who will take over the cash of 5.3 million and use it for discreet coalition of the policy battles. it is the most sophisticated in modern times in the use of multi targeting data. vice president giend who hazel lewded to a presidential run of his own spoke about a grass-roots approach in his announcement yesterday as conference as mayor. >> we are going to take this fight to the...
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we'd be looking at deficits. >> $6 billion to $8 billion. >> yes. basically what we have in this budget proposal, what the governor's put forth is essentially $4.1 billion more just to k-12 and higher education. breaks down roughly to about $1 billion to higher ed and $2.7 billion more going in in this forthcoming budget year for k-12. that money and the money that has been, has shored up this year's figures would be gone. it would not be there. and we'd be at the historic low spending that we have had for years. frankly, you know, he's contemplating having $2,700 more state funding per student by 2016-2017. we've been on the decline for that for years. we're somewhere down around 4 44t9th in per student state spending. this is going to lift us out of the pit. >> it has potential. people are looking the at this potential and say this could be the real deal but we have to wait to see the real numbers. >> exactly. >> it has been praised by a lot of people. >> from both sides of the aisle. >> both sides. the good news there, there's more good news, rig
we'd be looking at deficits. >> $6 billion to $8 billion. >> yes. basically what we have in this budget proposal, what the governor's put forth is essentially $4.1 billion more just to k-12 and higher education. breaks down roughly to about $1 billion to higher ed and $2.7 billion more going in in this forthcoming budget year for k-12. that money and the money that has been, has shored up this year's figures would be gone. it would not be there. and we'd be at the historic low...
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it seems, he writes in his memoir, a deficit of trust existed between him and the president's men. a former black operations specialist, the general is very slick on the book circuit, blocking and passing adroitly when the questions get into the weeds. his political outlook is liberal, having admittedly voted for obama in 2008. he speaks the language of the left, eshoeing any queries about his dealings with president obama and preferring to emphasize soft power and what he calls his ballistic relationship with people. if the reader is look for an spraipgz of how he was ambushed by rolling stone, the general is mostly mute. a commander naive enough to think a reporter who hears thinks doesn't make them public. he actually said he was surprised by the tone and direction of the article. what is astounding, with all the money and manpower that the pentagon has spent on media relations, all the military strategizing, nobody seems to have gained much sophistication if in dealing with the press since the war on vietnam. he sprinkles the book with great warriors and sages, including winsto
it seems, he writes in his memoir, a deficit of trust existed between him and the president's men. a former black operations specialist, the general is very slick on the book circuit, blocking and passing adroitly when the questions get into the weeds. his political outlook is liberal, having admittedly voted for obama in 2008. he speaks the language of the left, eshoeing any queries about his dealings with president obama and preferring to emphasize soft power and what he calls his ballistic...
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is reduce the federal deficit a worthy goal? this is interesting you may recall white house press secretary made news by stating that deficit reduction is, quote not a worthy goal onto itself. 77% of voters disagree with them and that includes large majorities of republicans, independents and democrats. what is your take on this? >> again i don't want to be a downer here, the question is what urgency to do they place on that. we had an election two months ago where there were two candidates, one was more focused on cutting the deficit and reducing our long term debt and one didn't think it was a big concern. the one who didn't think it was a big concern won the election. yes, voters seem to say that is an issue they agree with, but when it came to election day two months ago that certainly wasn't one of the top issues they voted on because they voted for the candidate who wasn't embody go it. >> heather: through his actions, as well. that leads to this, how f or if it should be raised? should the debt limit be raised again, 23%
is reduce the federal deficit a worthy goal? this is interesting you may recall white house press secretary made news by stating that deficit reduction is, quote not a worthy goal onto itself. 77% of voters disagree with them and that includes large majorities of republicans, independents and democrats. what is your take on this? >> again i don't want to be a downer here, the question is what urgency to do they place on that. we had an election two months ago where there were two...
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you said the deficit we should focus on is the jobs deficit. >> is our biggest deficit, the jobs deficit. if you get people back to work, they are carrying -- paying their fair share of taxes. the treasury is receiving revenue. if the treasury is renewing -- is receiving more revenue, the deficit shrinks. we can grow the economy. the best way to do that is to put american, middle-class workers back to work. to me, every time you talk about stifling the economy through these very aggressive cuts to services and earned benefits, you are not helping the economy grow. the jobs deficit, to me, is the biggest deficit we face. but we have a lot of other challenges. social security medicare are among bashar not among the most immediate challenges. if you ash social security and medicare are not among the most immediate challenges. we have paid some $15 trillion in payroll tax to take care of social security benefits. how much have we actually used in benefits received by all americans? $14 trillion. we have a one dollar trillion -- $1 trillion in cash. all the trillions of dollars we have paid t
you said the deficit we should focus on is the jobs deficit. >> is our biggest deficit, the jobs deficit. if you get people back to work, they are carrying -- paying their fair share of taxes. the treasury is receiving revenue. if the treasury is renewing -- is receiving more revenue, the deficit shrinks. we can grow the economy. the best way to do that is to put american, middle-class workers back to work. to me, every time you talk about stifling the economy through these very...
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he knew that wasn't true and the deficit has gone through the roof and he said this to congress, deficit has gone through the roof since then. so he really -- there are a lot of republicans and one democrat, but there are a lot of republicans that didn't like his testimony. his testimony was false. and we'll see what happens. he's going to probably get the -- he's going to get it. a lot of things aren't being stopped. the republicans have not found a good way to stop things. and i'm not sure necessarily he should get stopped. this was the president's choice. the president did win the election. the president does have the right to make appointments and this is one of his appointments. but what he told congress was totally false and probably knowingly false. >> steve: i'm sure when he's called before that senate committee he's gog have an explanation of what he meant then and what he means now. >> they were tough statements and terrible statements and they couldn't have been more wrong. >> steve: yeah. turns out to be that case. all right. mr. trump, thank you very much. have a great week.
he knew that wasn't true and the deficit has gone through the roof and he said this to congress, deficit has gone through the roof since then. so he really -- there are a lot of republicans and one democrat, but there are a lot of republicans that didn't like his testimony. his testimony was false. and we'll see what happens. he's going to probably get the -- he's going to get it. a lot of things aren't being stopped. the republicans have not found a good way to stop things. and i'm not sure...
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starting lineup top sports stories talk about a roller-coaster ride seattle coming back from a 20 point deficit. they go with a second hail mary. atlanta wins. pate yos one whi -- patriots on away. they beat the texans. the time 41 after the hour. still ahead everyone is being forced to get health insurance or pay a fee. now it turns out obama care has more hidden secrets for taxpayers. do you want to know what it is like to be a prince or princess? it may be more of a cinderella story than a fairy tale. >> insurance companies say there has to be a mandate to make it cost effective. we have story. >> the affordable care act may get beefed up even more if insurance companies get their way. it is key to making the new law work by offsetting the cost to help six people as well. the penalty for not getting insurance is $95 or one percent of the income. in 2015 it will be $325 or two percent of your income. still much less than the cost of insurance. at those rates many healthy people will on the to forego insurance especially since they know if they get sick down the road they will not be turned aw
starting lineup top sports stories talk about a roller-coaster ride seattle coming back from a 20 point deficit. they go with a second hail mary. atlanta wins. pate yos one whi -- patriots on away. they beat the texans. the time 41 after the hour. still ahead everyone is being forced to get health insurance or pay a fee. now it turns out obama care has more hidden secrets for taxpayers. do you want to know what it is like to be a prince or princess? it may be more of a cinderella story than a...
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what i'm told is that we can expect to touch as you might expect on deficits and debt. on immigration and gun control. but he is also going to address our seemingly broken politics. you have to remember the inaugural address is part of a large day of events and the people who are organizing it well placed democrats tell me that they are trying to make sure that one appeared, including the president. no one appears to b the football. they don't want people watching at home as one democrat said to me to get the idea that oh, he, meaning the president, is having a big party while the rest of us are still mired in a financial crisis, bill. >> bill: yeah. they are even having trouble filling the party. the address is monday night. we will be live on the factor. we have a really good lineup. i have seen a change in the demeanor as i said to senator rubio of president obama. is he a little more in your face than he was before the election. just real quick, rosen, you have seen that change? >> yeah. and i think the nomination of chuck hagel shows it. >> bill: okay. now, cammero
what i'm told is that we can expect to touch as you might expect on deficits and debt. on immigration and gun control. but he is also going to address our seemingly broken politics. you have to remember the inaugural address is part of a large day of events and the people who are organizing it well placed democrats tell me that they are trying to make sure that one appeared, including the president. no one appears to b the football. they don't want people watching at home as one democrat said...
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. >> reporter: president obama stating very clearly today that he will not negotiate deficit reduction, tax increases and spending cuts attached to the debt ceiling. this of course does follow that bruising battle the year before last, where he did negotiate on the issue, and the u.s. nearly went to the brink of default. he said that congress has to pay the bills that it's already racked up. >> you don't go out to dinner and then, you know, eat all you want and then leave without paying the check. and if you do, you're breaking the law. and congress should think about it the same way that the american people do. you don't -- now, if congress want, to have a debate about maybe we shouldn't go out to dinner next time, maybe we should go to a more modest restaurant, that's fine. that's the debate that we should have. >> reporter: in this press conference that was called last minute in the east room, president obama said he will negotiate a deal on deficit reduction but not, as he put it, quote, with a gun to the head of the american people. as you know, joe, republicans are saying they're
. >> reporter: president obama stating very clearly today that he will not negotiate deficit reduction, tax increases and spending cuts attached to the debt ceiling. this of course does follow that bruising battle the year before last, where he did negotiate on the issue, and the u.s. nearly went to the brink of default. he said that congress has to pay the bills that it's already racked up. >> you don't go out to dinner and then, you know, eat all you want and then leave without...
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the deficit. unemployment. economic growth. we are not having an intelligent debate about solving those. we will not hear the president talk intelligently about them. i hope i am wrong. >> do you think politicians think americans are too stupid to know what going on? >> yes. ross ten -- rostenskowsky went to prison, and so does duke cunningham. >> i disagree respectfully with john and i would say the american people are disappointed because they expect more and they know they can get more. there you are been senators who have risen above and we are not seeing people who put the people's business ahead of their political interests. partisanship is standing in the way of solving problems which is why we have talked. >> a perfect example is the simpson-bowles debt reduction decision, both had a good plan, ignored bit establishment by both parties, the president appointed them and he will not talk about it and the republicans who sponsored it do not want to talk about it but it is the one route to solving some of the main problems.
the deficit. unemployment. economic growth. we are not having an intelligent debate about solving those. we will not hear the president talk intelligently about them. i hope i am wrong. >> do you think politicians think americans are too stupid to know what going on? >> yes. ross ten -- rostenskowsky went to prison, and so does duke cunningham. >> i disagree respectfully with john and i would say the american people are disappointed because they expect more and they know they...
SFGTV: San Francisco Government Television
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Jan 19, 2013
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supervisor chu: we know that our budget deficit is a significant one. at the moment, blooms are around $380 million -- at the moment, it looms around $380 million. we could not meet that gap. i think the city needs to take a balanced approach, and if you take a look at previous years, we have taken a look at things like where are fee revenues, what do those look like? where are the changes in other revenue pictures, whether it is transfer tax or hotel tax or other things that help to improve the picture. in addition to that, how is it that we can really control some of our expenses? i think that in order to address the $380 million budget deficit, we really have to take a look at both sides, revenue side as well as the cost side of things, and i think there are certain things that the city can do right now that might that not impact this year's budget or -- that might not impact this year's budget for next year's budget but will have a long-term effect. i mean pension reform and some of the ways we calculate those liabilities. those will be important to
supervisor chu: we know that our budget deficit is a significant one. at the moment, blooms are around $380 million -- at the moment, it looms around $380 million. we could not meet that gap. i think the city needs to take a balanced approach, and if you take a look at previous years, we have taken a look at things like where are fee revenues, what do those look like? where are the changes in other revenue pictures, whether it is transfer tax or hotel tax or other things that help to improve...
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the price to fix the dome is $61 million, but when the nation's running a $16 trillion deficit, well, that's just a drop in the bucket. >> props, all right, chad. comings up after the break, who gave the shortest inaugural address in history? followous twitter. give us your guesses. we'll pick tup after the break. . olaf gets great rewards for his small business! pizza! [ garth ] olaf's small busins earns 2% cash back on every purchase, ery day! helium delivery. put it on my spark card! [ pop! ] [ garth ] why settle for less? great businesses deserve great rewards! awesome!!! [ male announcer ] the spark business card from capital one. choose unlimited rewards with 2% cash back or double miles on every purchase, every day! what's in your wallet? well, dad, i spent my childhood living with monks learning the art of dealmaking. you've mastered monkey-style kung fu? no. priceline is different now. you don't even have to bid. master hahn taught you all that? oh, and he says to say (translated from cantonese) "you still owe him five bucks." your accent needs a little work. and these come t
the price to fix the dome is $61 million, but when the nation's running a $16 trillion deficit, well, that's just a drop in the bucket. >> props, all right, chad. comings up after the break, who gave the shortest inaugural address in history? followous twitter. give us your guesses. we'll pick tup after the break. . olaf gets great rewards for his small business! pizza! [ garth ] olaf's small busins earns 2% cash back on every purchase, ery day! helium delivery. put it on my spark card! [...
SFGTV: San Francisco Government Television
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four years ago we had a 500 million dollar budget deficit, that would affect services for people all over san francisco; we would have to pay more for services and have services cut; where we needed it most. i felt the first year as chair of the budget committee, i learned so much about my abilities and how to make difficult stands on issues, and how to have working relationships with people going forward. i work closely with the mayor's office and with organizations across the city. in spite of difficult choices i feel i made the right choices; i always voted with my conscience and i'm proud of that. i'm excited to see the changes happening in district 11. four years ago we were really shaken hard by the high level of violence and homicides in our district. what was great to see in district 11 were places where there was a focus of some of the violence; neighbors came together and made the neighborhood stronger, particularly around athens street, you have a beautiful community garden there, at athens and avalon that will be dedicated in a couple of weeks now. we have a new neighbor
four years ago we had a 500 million dollar budget deficit, that would affect services for people all over san francisco; we would have to pay more for services and have services cut; where we needed it most. i felt the first year as chair of the budget committee, i learned so much about my abilities and how to make difficult stands on issues, and how to have working relationships with people going forward. i work closely with the mayor's office and with organizations across the city. in spite...